Berita Arkib

Prices of edible oils are expected to peak in the next four weeks as there is a high possibility of them coming under pressure in April-June and July-September this year, according to ISTA Mielke GmbH (better known as Oil World) executive director Thomas Mielke.

Palm oil may drop to 3,798 ringgit per tonne, as it may have completed a bounce from 3,667 ringgit.

Palm oil-based biofuel demand from the European Union (EU) might disappear before the end-2030 implementation deadline imposed by Europe’s Renewable Energy Directive II (RED II), according to Sumwin Group’s founder and CEO, U.R. Unnithan.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated to end lower on Wednesday, erasing gains for the past two days, after tracking the weaker overnight soybean oil performance on the US Chicago Board of Trade (CBOT), dealers said.

Palm oil analysts project crude palm oil (CPO) prices to contract this year, saying a recovery in supply combined with the performances of other vegetable oils will bear weight on the commodity.

Malaysia's benchmark crude palm oil prices is forecast to fall to near 3,300 ringgit by end-2021 if crude oil is at $65 a barrel, leading industry analyst James Fry said on Wednesday.

Palm oil inventories at the world's biggest grower Indonesia is expected to shrink by almost half to 2.67 million tonnes by the end of 2021 as a rise in demand is seen outpacing production, the Indonesian Palm Oil Association (GAPKI) said on Wednesday.

Malaysian palm oil futures advanced over 2% on Tuesday, extending gains for a second session, as the market tracked a rally in soyaoil fuelled by US President Joe Biden’s green energy push but signs of higher production capped the gains.

THE local palm oil industry is in dire need of automation and agricultural innovation to cope with declining productivity as plantation companies continue to struggle with massive labour shortages amid the Covid-19 pandemic.

MIDF Research has upgraded the plantation sector to "positive" from "neutral" after revising up its crude palm oil (CPO) price target to RM3,000 per ton from RM2,700 per ton.

Malaysian palm oil futures jumped 4% on Tuesday, extending gains for a second straight session, as the market tracked a rally in soyoil fuelled by U.S. President Joe Biden's green energy push.

Malaysia’s exports of palm-based biodiesel are likely to fall this year to their lowest since 2017 due to European Union restrictions and the coronavirus pandemic, the Malaysian Biodiesel Association (MBA) said on Tuesday.